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Another IPO: Teavana

Hah! Another IPO! This time by a primarily retail entity that sells loose-leaf tea and tea-related entities named Teavana. (Don’t quote me but this name sounds like a mix of tea + nirvana. Hmm. Catchy.) This one caught my interest because it is an Atlanta-based company…and because they wanted to raise $100 million but actually 20% more ($121 million). According to the Atlanta Business Chronicle article, it operates 161 corporate-owned stores in the US in 35 states and oversees 19 franchised stores, mainly in Mexico. Teavana Holdings Inc. began publicly trading yesterday, Thursday, July 28.

Teavana, founded in 1997, received investment from a private equity firm, Parallel Investments, in 2004. According to website, Parallel Investment Partners is “focused exclusively on investing in North American lower middle-market growth companies.  Since 1992, our team has successfully invested over $600 million of equity capital in 35 owner-operated growth companies.”

I’m not sure how much of Teavana the private equity firm still owns but the IPO created a liquidity event that now allows them to sell their shares at any time (assuming there are no contractual or other restrictions). That gives a 7-year exit, on the outer edge of the 3-7 year timeframe that equity investors typically like to have.

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About Tiffany C. Wright

Hi! I,Tiffany C. Wright, am the author of the ebook, "Help! I Need Money for My Business Now!!" and the book "Solving the Capital Equation: Financing Solutions for Small Businesses", available on Amazon. I am the president of Toca Family Business Services, a short-term & project-based interim management & strategic and financial advisory firm, located in Atlanta, Georgia. In the past five years I've helped small and medium companies restructure and obtain over $31 Million in financing and a similar amount in purchase orders and contracts. I have an MBA in Finance and Entrepreneurial Management from the Wharton School of Business at the University of Pennsylvania and a B.S. in Industrial and Systems Engineering from The Ohio State University. Personal: I enjoy investing. I am a prodigious reader of everything from business books, magazines, and newspapers to horror and popular fiction. I read 4-6 books per month. I also love to travel. I've been to 33 countries on 5 continents and lived in Japan for 2.5 years and aim for a foreign locale twice a year. I am also an athlete and run track on the Master's Circuit. The highlight was placing 7th in my age group in the 2007 World Master's Track and Field Championships in Italy.

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The Resourceful CEO, Tiffany C. Wright

the president of Toca Family Business Services, a strategic and financial advisory firm which provides short-term & project-based C-level management. She is the author of Solving the Financial Equation: Financing Solutions for Small Businesses, available on Amazon.

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